term of extension definition

term of extension means the period of extension of the licence in respect of a Prospective Area which is set out in Schedule 5 in respect of such Prospective Area.

Related to term of extension

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Notice of Extension has the meaning specified in Section 2.20.

  • Extension Term means the time period defined in §2.C.

  • Term of Agreement shall have the meaning ascribed thereto in Article 2 of this Agreement;

  • Resolution Extension Period As defined in Section 2.03(b).

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Initial Term has the meaning set forth in Section 7.1.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Extension Date has the meaning specified in Section 2.19(b).

  • Extension Period has the meaning specified in Section 3.12.

  • Grace Period Extension Date means, if:

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • REO Extension As defined in Section 3.16(a).

  • Renewal Term has the meaning set forth in Section 2.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Exhibit 3.2, as required by Section 3.2.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Debt service extension base means an amount equal to that

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Term of the Agreement shall have the same meaning as provided for in Article 7 of this Agreement.